$JSESSW - Hot knife through butter.
This is why I hate buying cyclical stocks in down trends …
“buy them on high PEs and sell them on Low PEs “… Dave Foord
$JSESSW: Months ago before any sign of a possible H&S pattern, I hinted that #Sibanye might revisit the previous very low targets of #TheDawieSetup. Now the pattern seems to want to come and confirm it. It also seems price has slipped below little pink support on 3 candle closes.
What a strong start to the month! Best performing shares in the JSE ALSI MTD (total return):
1.) Impala $JSEIMP 33.3%
2.) ASP Isotopes $JSEASP 32.5%
3.) Sibanye $JSESSW 28.6%
4.) South32 #JSES32 24%
5.) Northam $JSENPH 22.7%
Precious metals shares continue to dominate.
What a strong start to the month! Best performing shares in the JSE ALSI MTD (total return):
1.) Impala $JSEIMP 33.3%
2.) ASP Isotopes $JSEASP 32.5%
3.) Sibanye $JSESSW 28.6%
4.) South32 #JSES32 24%
5.) Northam $JSENPH 22.7%
Precious metals shares continue to dominate.
$JSESSW Sibanye Stillwater. Possible channel break. This could become interesting. I'll wait for close of day prices to see if this channel break was successful.
#JSESSW$SBSW Sibanye with a great operational update. All cylinders firing. Group EBITDA up to R10b for the quarter. At ~R40b EBITDA annualized, the company trades at 3x EBITDA even after the 200% run up in share price. Amazing what operating leverage can do. ❤️
$JSESSW: Realized how I've neglected our "wunderkind" #Sibanye. Weekly chart below doesn't look too good at all. I asked #TheDawieSetup, and stopped when targets were more than a handful. Some even going into the ST range! Much lower price to be seen sometime.